, sry just read some posts re CR.
First we were given no guidance or financials where we could try and estimate eos's financial position ,we were given a cash flow figures for the 1Q of 2021.That cash flow still included negative effects from covid,apparently now business is getting back to normal going by update for 2Q.
So from those figures they state cost of goods receipts etc.
Although i have posted my issues with such an update i look at the following.
-No debt.
-$50m in the bank with a burn rate of $12m per Q taking into account it was a covid transition Q.
-some type of $120m worth of product in the middle east ready for delivery but the question being is cost of that product included in cash flow ,i doubt it but its still $120m of product/sales.
-apparently there is $200m to $300m of backlock as per update so sales should not be an issue going forward.
-Then we have many new products and services coming to market this year.
-etc potential contracts.
-em solutions combined with collinear technologies will continue to provide excellent profit growth going forward including in current year. .
So imo currently i see no resean for a capital raising and importantly at least imo again 150m shares on issue relative to the assets and trchnologies eos holds/owns i still see a bright future for the remainder of 2021 and going forward.
The only potential negative which the market may not like if they know about it is a negative decision by the US army on the rf400 mk2.
If its a positive decision the non holders will be left in the dust because again imo if its a positive decisions for many reasons it will confirm the entire eos business model and sp will 'rocket'.
glta's.
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Open | High | Low | Value | Volume |
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1 | 360 | 1.420 |
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2 | 8255 | 1.405 |
Price($) | Vol. | No. |
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